Dickinson Wright has represented debtors, secured lenders and buyers in the sale and purchase of the assets of distressed companies. Based on our extensive experience throughout the U.S. and Canada in this area, we assist our clients in understanding the advantages and risks involved in various methods of asset acquisition and disposition.
The distressed assets practice’s areas of expertise include:
- Negotiating asset purchase agreements and conducting asset sales under Section 363 of the Bankruptcy Code, Article 9 of the Uniform Commercial Code, state real estate foreclosure laws and the insolvency laws of Canada.
- Representing secured lenders in obtaining possession of assets of distressed borrowers and negotiating either private or public sales of such assets, sometimes through the use of auctioneers or receivers.
- Representing receivers charged with the responsibility of managing and selling businesses of financially distressed companies.